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Home Business & Economy

US economy shrinks for first time since 2022

Spluk.ph by Spluk.ph
May 12, 2025
in Business & Economy
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US economy shrinks for first time since 2022
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US President Donald Trump has blamed his predecessor Joe Biden for a 0.3% shrink in GDP for the primary three months of the yr, as companies stockpiled imports forward of tariffs. The S&P 500 fell this Wednesday in consequence. Trump’s first 100 days in workplace have seen the worst inventory market efficiency in half a century. We take a more in-depth look on this version.



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